Richmond, Va. – “It’s Christmas in November,” according to the John B. Levy & Company Investor Conference which attracted 200 commercial real estate professionals to Richmond’s Jefferson Hotel. The annual conference was once again hosted by John B. Levy & Company, a firm nationally recognized for its position in commercial real estate, including its quarterly indexes of first mortgage and high-yield debt and its activity in the debt and equity markets.
At a John B. Levy & Company Investors Conference in October, a panel of commercial real estate experts discussed how the Richmond area has experienced slower population growth compared with similar cities such as Raleigh, N.C., and Nashville, Tenn., over the past 20 years, which has restrained demand for commercial and office developments.
But the panelists also noted how the region’s geographic location, cost of living and lifestyle could work in its favor.
Real estate won’t be the cause of the next economic downtown, but there are surely forces impacting the commercial real estate market and contributing to the shifting economic winds. That’s just one of the topics that a standing room crowd of commercial real estate professionals discussed at the John B. Levy & Company Investors Conference held recently in Richmond.